Verizon Communications Inc. – approaching a resistance line that has been previously tested at least twice in the past

Verizon Communications Inc. is moving towards the resistance line of a Channel Up. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 20 hours.